please check my SOA prior to BR

magicred

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1790
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1790
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 450
Management charge (leasehold property).. 0
Council tax............................. 103
Electricity............................. 30
Gas..................................... 0
Oil..................................... 100
Water rates............................. 10
Telephone (land line)................... 30
Mobile phone............................ 35
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 220
Clothing................................ 40
Petrol/diesel........................... 280
Road tax................................ 10
Car Insurance........................... 31
Car maintenance (including MOT)......... 22
Car parking............................. 20
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 34
Pet insurance/vet bills................. 25
Buildings insurance..................... 0
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 50
Emergency fund.......................... 10
MSc..................................... 150
professional fees....................... 7
Total monthly expenses.................. 1689

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 2300
Other assets............................ 0
Total Assets............................ 2300

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
credit card....................7000......0.........0
credit card....................13000.....0.........0
credit card....................11000.....0.........0
credit card....................9000......0.........0
Total unsecured debts..........40000.....0.........-

Monthly Budget Summary
Total monthly income.................... 1,790
Expenses (including HP & secured debts). 1,689
Available for debt repayments........... 101
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 101
Personal Balance Sheet Summary
Total assets (things you own)........... 2,300
Total HP & Secured debt................. -0
Total Unsecured debt.................... -40,000
Net Assets.............................. -37,700


I have never been able to get a haircut for £10 but understand I may only claim this amount. I am doing a degree and financing this myself; I hope they won't make me stop this.

thank you all.

confused76

i would put your car maintenance up to £40, you never know what expenses crop up for repairs. i have no idea about your degree funding.

nothing else jumps out at me but i'm sure others will comment x

silvercar

Would they assume that you apply for your maintenance and tuition fee loan and assume that you have this money available to you? I know for benefit calculations they assume that you apply for what you are entitled to get.

magicred

I have no tuition fee loan - I pay each month out of my salary.

intranicity

Mobile £35
Landline £30
Holidays £50

I'd expect the OR to cut this back

£100 a month for oil seems very high?
£280 for fuel for the car seem massive
the fact that you want to spend £10 a month on a hair cut but never been able to get one that cheap seems high and a luxury to be honest, this is Bankruptcy, not a dump my bills and have an easier life.

Maybe things have changed, and good luck if you can get away with it, but I'd expect the OR to cut loads off this

magicred

I am here looking for advice and guidance - you know nothing about my circumstances so maybe should not be so judgemental. And yes, my oil is £100 a month and yes, my petrol is £280 (at least) a month.
I shall continue to manage without looking here for support.

dojoman

magicred wrote: »

I am here looking for advice and guidance - you know nothing about my circumstances so maybe should not be so judgemental. And yes, my oil is £100 a month and yes, my petrol is £280 (at least) a month.
I shall continue to manage without looking here for support.

Take no notice of the judgemental posters, who have posted on your thread, this forum is supposed to be non judgemental, unfortunately anyone can post on here and sometimes do. Most of the posters on here will not judge you and you will get good advice.

kurust

Hi

Just to say I got £300 a month for my petrol. The OR said it was ok because I thats what I use. Good luck.

intranicity

magicred wrote: »

I am here looking for advice and guidance - you know nothing about my circumstances so maybe should not be so judgemental. And yes, my oil is £100 a month and yes, my petrol is £280 (at least) a month.
I shall continue to manage without looking here for support.

I've been Bankrupt sadly and I am trying to point out what the OR will likely say when he looks at your SOA. It's not Judgemental, it's realistic. I know that he will be rolling on the floor at you wanting £600 a year for holidays.....

He will ask why you spend so much on fuel for a car and why your oil is so expensive in a rented house. Not having a go, but you need to take things on board as HE WILL NOT allow this unless there is a real need!

magicred

thankyou Dojoman - they have reduced me to tears but your post has made me feel better.

intranicity

Magicred, I don't see that my post should have upset you, but if it did, I'm sorry, that was not the intention, but you asked what people thought of your figures and that is what I've done, as I said, I went through this over 6 years ago and come through it, going to the Court and filing BR was easy, the OR is the one that decides what you are allowed, and I was only pointing out where I think straight away he will try and make savings, if you can justify it to him then you will be OK, but you will need to justify it.

Good luck and try not to take offence, hard i know as this is a very emotional time